Shares of Larsen and Toubro (L&T) had been buying and selling within the inexperienced 2% larger on 11 August after the corporate introduced that it secured an “ultra-mega” contract from Adani Energy Ltd. to construct eight thermal energy items of 800 MW every, including as much as 6,400 MW of recent technology capability.
L&T categorises contracts value over Rs 15,000 crore as “ultra-mega.”
Its superior energy and low-carbon know-how arm, L&T Power – CarbonLite Options (LTECLS), will execute the mission. The work scope covers the design, engineering, manufacturing, provide, and commissioning of boiler-turbine-generator (BTG) packages, together with auxiliaries and related mechanical, electrical, and management & instrumentation (C&I) programs.
Within the June quarter, L&T posted a 29.9% year-on-year rise in internet revenue to Rs 3,617 crore, up from Rs 2,786 crore final yr. Income grew 15.5% to Rs 63,678 crore from Rs 55,119 crore, whereas EBITDA rose 12.5% to Rs 6,316 crore from Rs 5,615 crore. Nonetheless, the EBITDA margin narrowed to 9.9% from 10.2% a yr earlier.
At 3:30 pm, the shares of Larsen and Toubro closed 1.79% larger at Rs 3,672 on NSE.
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